MISO Wind and Solar Capacity Credit Report - December 2020
- Dec 22, 2020 5:08 pm GMT
It was anticipated that MISO would start calculating solar capacity credit using the Effective Load Carrying Capability (ELCC) calculation, since MISO got FERC approval for solar as a Dispatchable Intermittent Resource (DIR). But, since MISO only has 4,000 MW of solar forecasted not the 8,000 MW threshold that would trigger the ELCC calculation - MISO kept the solar capacity credit at 50%. Which is good news for the solar industry.
That MISO 50% capacity credit for 2021/22 planning year plus the solar Investment Tax Credit (ITC) extension at 26% for two more years - are both good news for the solar industry. Also good news for the energy storage industry since storage at the same point of interconnection as solar, would increase the capacity value of solar.
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